IMPORTANT TO NOTE Four holes were drilled at the very north of...

IMPORTANT TO NOTE

Four holes were drilled at the very north of Bald Hill, within tenure held in Joint Venture with
Cadence Minerals Plc. Hasting’s has agreed to acquire Cadence’s 30% interest in the Joint Venture
Tenements (ASX: 23rd June 2022 Hasting's to Acquire 30% Yangibana Joint Venture Interest from
Cadence Minerals Plc) and the quality of the ground has been clearly demonstrated with three of
the four holes intersecting mineralization. The strongest intersection was from BHRC593 (5m at
3.09% TREO from 32m), with mineralisation open to the north (Figure 1).
Hole FFRC285 was drilled to reduce the drill spacing in a 200m strike length of Fraser’s still classified
as an Inferred Resource. This hole intersected 9m at 2.59% TREO from 64m in the expected position,
but also intersected a new, deeper ironstone unit that assayed 4m at 1.15% TREO from 93m (Figure
2).
FRTFB01 was drilled 180m south of the southernmost drill hole at Fraser’s as an environmental
monitoring bore; this hole intersected 5m at 3.44% TREO from 14m (true width approximately 2m),
including 1m at 16.0% TREO and 4.76% NdPr. Surface mapping shows that ironstone subcrop
continues further south, showing the potential to add to the Fraser’s existing 2,200m of defined
mineralisation.
Six holes drilled within a 400m interval between Bald Hill and Bald Hill Southeast encountered
strong REE mineralisation averaging 7m true width. Previously holes drilled in the same area did
not intersect any mineralisation due to holes not reaching the target zone


An updated Mineral Resource estimate will be completed for the Bald Hill, Simon’s Find and Fraser’s
deposits early in the Fourth Quarter. An updated Ore Reserve Estimate will follow later in the Fourth
Quarter.